Ellah Lakes to Plant 1,500 Hectares of Oil Palm by 2026 ✨
Ellah Lakes Plc is sowing big plans for the future! The agribusiness giant has announced a major expansion project — planting 1,500 hectares of oil palm in 2026, installing a palm kernel oil (PKO) mill, and allocating 100 hectares for livestock farming.
According to CEO Chuka Mordi, these projects are part of a strategy to bring all of the company’s Iguelaba land holdings in Edo State into full-scale production, while ensuring maximum capacity use of its crude palm oil mill.
Key Expansion Plans for 2026
✅ 1,500 hectares of new oil palm plantations
✅ Installation of a PKO mill (value-added processing)
✅ 100 hectares dedicated to livestock activities
✅ Seedling stock build-up for uninterrupted operations
✅ Alignment with global sustainability standards (RSPO)
Mordi emphasized that the company is not only focused on expansion but also on efficiency, productivity, and long-term shareholder value. He assured investors that once Ellah Lakes becomes cash flow positive, its top priority will be dividend distribution.
Why It Matters
• Nigeria’s growing population and supply gaps in the palm oil industry present huge opportunities.
• The company is aligning with sustainability and global best practices in areas like labour rights, community welfare, and environmental stewardship.
• This positions Ellah Lakes as a key player in Africa’s agribusiness future.
Stockbrokers React
During a facility visit to Ellah Lakes’ Edo factory, stockbrokers from across Nigeria commended the company’s progress in land acquisition, plantation development, and nursery establishment.
Habeeb Amole, Executive Director at WCM Capital, speaking on behalf of the brokers, praised Ellah Lakes’ “young and visionary board” and highlighted its strong growth potential, calling it an attractive option for long-term investors. ✨
Bottom Line
Ellah Lakes is betting big on agriculture as a path to growth, sustainability, and investor returns. With its ambitious 2026 expansion plan, the company is planting the seeds — literally and figuratively — for a stronger, greener, and wealthier future.
Ellah Lakes Plc is sowing big plans for the future! The agribusiness giant has announced a major expansion project — planting 1,500 hectares of oil palm in 2026, installing a palm kernel oil (PKO) mill, and allocating 100 hectares for livestock farming.
According to CEO Chuka Mordi, these projects are part of a strategy to bring all of the company’s Iguelaba land holdings in Edo State into full-scale production, while ensuring maximum capacity use of its crude palm oil mill.
Key Expansion Plans for 2026
✅ 1,500 hectares of new oil palm plantations
✅ Installation of a PKO mill (value-added processing)
✅ 100 hectares dedicated to livestock activities
✅ Seedling stock build-up for uninterrupted operations
✅ Alignment with global sustainability standards (RSPO)
Mordi emphasized that the company is not only focused on expansion but also on efficiency, productivity, and long-term shareholder value. He assured investors that once Ellah Lakes becomes cash flow positive, its top priority will be dividend distribution.
Why It Matters
• Nigeria’s growing population and supply gaps in the palm oil industry present huge opportunities.
• The company is aligning with sustainability and global best practices in areas like labour rights, community welfare, and environmental stewardship.
• This positions Ellah Lakes as a key player in Africa’s agribusiness future.
Stockbrokers React
During a facility visit to Ellah Lakes’ Edo factory, stockbrokers from across Nigeria commended the company’s progress in land acquisition, plantation development, and nursery establishment.
Habeeb Amole, Executive Director at WCM Capital, speaking on behalf of the brokers, praised Ellah Lakes’ “young and visionary board” and highlighted its strong growth potential, calling it an attractive option for long-term investors. ✨
Bottom Line
Ellah Lakes is betting big on agriculture as a path to growth, sustainability, and investor returns. With its ambitious 2026 expansion plan, the company is planting the seeds — literally and figuratively — for a stronger, greener, and wealthier future.